Sharp Electronics Corporation (SEC) Chairman and CEO Kozo Takahashi and Edward McLaughlin today said that they have reached an agreement concerning Mr. McLaughlin’s decision to step down as President of Sharp Imaging and Information Company of America (SIICA) and as a Director of SEC. Mr. McLaughlin will assist in the search for his successor, which is now underway.
Once SIICA’s new President has been appointed, Mr. McLaughlin will remain with SEC where he will serve as a senior advisor to SEC and to SIICA. This advisory role will include, among other projects, working to ensure a seamless transition to SIICA’s new leadership.
Mr. McLaughlin also expects to begin to pursue new business opportunities as an independent consultant to companies in the field of office automation, focusing on designing, developing and managing projects that would employ his deep expertise and more than 35 years of industry experience. He and Sharp have agreed that, during this period, he will not enter into consulting or other engagements that would conflict with Sharp’s business objectives.